Should salary increases, life insurance proceeds and expected inheritances be considered available resources for financial planning? Do you consider it wise to include them in a financial plan? Why/ Why not?

I am getting confused with it!!CAN ANYONE PLEASE GIVE ME SOME IDEAS???THANKS A LOT!

go google type ur question and this exact question there and then go to the options which is everyones planning for finaning... it has some points for u..sorry could paste the website. hope it helps

i cant find it

When it comes to financial planning, it is important to consider all potential sources of income and assets. However, it is also important to be cautious and realistic in including certain types of income and assets in your financial plan.

Here are a few points to consider:

1. Salary increases: While an anticipated salary increase may seem like a reliable source of additional income, it is important to only include it in your financial plan once it becomes a reality. Until then, it is best to focus on your current income and create a budget accordingly.

2. Life insurance proceeds: Life insurance is typically designed to provide financial protection to beneficiaries in the event of the policyholder's death. Therefore, it is generally not advisable to include life insurance proceeds as an available resource in your financial plan unless you are specifically planning for the funds to be used for a certain purpose, such as covering funeral expenses or paying off outstanding debts.

3. Expected inheritances: Inheritances can be uncertain and may be subject to changes or delays. It is generally wise to refrain from including expected inheritances as available resources in your financial plan until they are received or become more certain. It is important to remember that inheritance amounts can vary, and there may be other legal or tax obligations associated with the inheritance.

Ultimately, financial planning should be based on concrete and reliable sources of income and assets. Including uncertain or potential sources of funds in your financial plan can lead to unrealistic expectations and potentially poor financial decision-making. It is advisable to focus on your current financial situation, saving and investing prudently, and making adjustments to your plan as circumstances evolve. Additionally, consulting with a financial planner or advisor can help provide personalized guidance based on your specific financial goals and circumstances.